Laura Bessarati

I'm Laura Bessarati.

It's Friday, the 1st of May.

Welcome to the CommSec Market Update.

Well, it's been a much better start to the brand new month of May.

Wow, how time flies.

I can't believe we're at May already.

But of course, we had another month done and dusted.

We spoke about how we performed over the course of April briefly yesterday.

I also recorded a video today, the month in review video, which you can find online.

on our YouTube channel if you're interested to see how markets wrapped up over the course of the month.

But look, today, leading into the close, the Aussie market is up by around three quarters of 1%.

Now, we were up a little more earlier on in the day, up around 1.1%.

But look, the good news is that we've finally snapped our longest losing streak in almost eight years.

And today has also been our best day in about three weeks which certainly helped our market lift from the three-week lows that we did hit yesterday.

If we look out a little bit further though over the course of the week, the Aussie market is still down understandably because we did have...

you know, those eight straight sessions of decline.

So we've declined every day this week, except for today.

So down by around 0.65% over the course of the week, which is our third straight weekly decline.

But we did notch an improvement over the course of April.

So we're up by a little over 2%.